APIMMO
ActiveSummary
APIMMO has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,881 and a net result of €18,565. Equity has been shrinking by about 13% per year since 2018. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 19% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-07-2013 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
- Establishment unit
- 2.244.980.866 1402 Nivelles, since 04-09-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 20-03-2024
Board and ownership
Last known board
- Alain PRÉATDirector · until 2024
- Gérard PRÉATDirector · until 2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
Annual accounts 2025
- Gross margin
- €1.4m
- ▲ 5.0%
- Turnover
- ≈ €1.4m
- estimated
- Profit
- €18,565
- ▼ 70.8%
- Equity
- €22,881
- ▲ 430%
- Total assets
- €1.8m
- ▲ 9.0%
- Staff
- 14.7 FTE
- ▼ 7.0%
- 2025 accounts filed 26 days after the deadline
Score breakdownraises riskEquity €22,881 (1.3% of total assets)Liquidity: current ratio 0.50, cash €1,509Size: 14.7 FTE, total assets €1.8mProfit of €18,565 (financial year 2025)Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 43% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency
26+1
equity 1.3% of total assets
Liquidity
15-3
short-term debt 66.4% · cash 0.1%
Profitability
46-10
return on assets 1.0%
Bankruptcy probability within 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.9%
01-2025: 4.9%● unchanged vs 12-2024
02-2025: 4.9%● unchanged vs 01-2025
03-2025: 4.9%● unchanged vs 02-2025
04-2025: 5.0%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 4.8%▼ -0.2 percentage points vs 04-2025
06-2025: 4.7%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%▼ -3.1 percentage points vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.7%▲ +0.1 percentage points vs 01-2026
03-2026: 1.6%▼ -0.1 percentage points vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 2.4%▲ +0.8 percentage points vs 07-2026
09-2026: 1.0%▼ -1.4 percentage points vs 08-2026lowest value
10-2026: 1.0%● unchanged vs 09-2026lowest value
11-2026: 1.0%● unchanged vs 10-2026lowest value
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.5 (0.39 in 2024), below 1. Short-term debt is 66.4% and cash 0.1% of total assets. 98.7% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 18% of them on solvency, 12% on liquidity, 46% on profitability and 98% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11261 sector peers (2025).
NBB · sector comparisonPosition among 11261 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
51 days early
2023
26 days late
2022
31 days late
2021
31 days late
2020
38 days early
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00442717.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 12 filings
Turnover
≈ €1.4m
Estimated: probably between €1.3m and €1.5m
EBIT margin
Not included in this filing
Net result
€18,565▼ 70.8%
2024 · €63,594
Working capital
-€589,703▲ 1.9%
2024 · -€601,093
In the rankings
#7 employer in Walloon Brabant, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€127,748
▼ 14.8%
2025
20182025
Net result
€18,565
▼ 70.8%
2025
middle half of the sector
20182025
Equity
€22,881
▲ 430%
2025
lowest quarter of the sector
20182025
Total assets
€1.8m
▲ 9.0%
2025
middle half of the sector
20182025
Debt
€1.8m
▲ 7.9%
2025
20182025
Working capital
-€589,703
▲ 1.9%
2025
lowest quarter of the sector
20182025
Solvency
1.3%
▲ 1.0pp
2025
lowest quarter of the sector
20182025
Current ratio
0.50
▲ 0.11
2025
middle half of the sector
20182025
Return on assets (ROA)
1.0%
▼ 2.9pp
2025
middle half of the sector
20182025
Staff (FTE)
14.7
▼ 7.0%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.05m▲ 120%€0.04m▼ 23.5%€0.02m▼ 48.4%€0.08m▲ 279%-€0.1m€0.2m€0.1m▼ 14.8%
Net result€0.02m-€0.03m▲ 77.7%€0.005mwithin the sector's middle half▼ 80.6%-€0.01mwithin the sector's middle half€0.03mwithin the sector's middle half-€0.2mbelow the sector's middle half€0.06mwithin the sector's middle half€0.02mwithin the sector's middle half▼ 70.8%
Equity€0.08m-€0.1m▲ 34.0%€0.1mwithin the sector's middle half▲ 4.9%€0.1mwithin the sector's middle half▼ 9.7%€0.1mwithin the sector's middle half▲ 31.8%-€0.06mbelow the sector's middle half€0.004mbelow the sector's middle half€0.02mbelow the sector's middle half▲ 430%
Total assets€0.8m-€1.7m▲ 101%€1.6mwithin the sector's middle half▼ 5.1%€1.7mwithin the sector's middle half▲ 6.2%€1.7mwithin the sector's middle half▼ 0.4%€1.9mwithin the sector's middle half▲ 12.5%€1.6mwithin the sector's middle half▼ 12.5%€1.8mwithin the sector's middle half▲ 9.0%
Debt€0.7m-€1.5m▲ 109%€1.5m▼ 5.8%€1.6m▲ 7.5%€1.5m▼ 2.5%€1.9m▲ 26.4%€1.6m▼ 15.4%€1.8m▲ 7.9%
Working capital-€0.2m--€0.06m▲ 67.5%-€0.1mwithin the sector's middle half▼ 120%-€0.2mbelow the sector's middle half▼ 56.4%-€0.3mbelow the sector's middle half▼ 26.8%-€0.6mbelow the sector's middle half▼ 147%-€0.6mbelow the sector's middle half▲ 5.4%-€0.6mbelow the sector's middle half▲ 1.9%
Solvency9.9%-6.6%▼ 3.3pp7.3%below the sector's middle half▲ 0.7pp6.2%below the sector's middle half▼ 1.1pp8.2%within the sector's middle half▲ 2.0pp-3.2%below the sector's middle half▼ 11.3pp0.3%below the sector's middle half▲ 3.4pp1.3%below the sector's middle half▲ 1.0pp
Current ratio0.62-0.89▲ 0.270.76within the sector's middle half▼ 0.130.71within the sector's middle half▼ 0.050.66within the sector's middle half▼ 0.050.47within the sector's middle half▼ 0.180.39below the sector's middle half▼ 0.080.50within the sector's middle half▲ 0.11
Return on assets (ROA)1.9%-1.7%▼ 0.2pp0.3%within the sector's middle half▼ 1.3pp-0.7%within the sector's middle half▼ 1.0pp2.0%within the sector's middle half▲ 2.6pp-9.1%below the sector's middle half▼ 11.1pp3.9%within the sector's middle half▲ 13.0pp1.0%within the sector's middle half▼ 2.9pp
Staff (FTE)8.5-6.8▼ 20.0%8.1above the sector's middle half▲ 19.1%10.5above the sector's middle half▲ 29.6%12.3above the sector's middle half▲ 17.1%15.9above the sector's middle half▲ 29.3%15.8above the sector's middle half▼ 0.6%14.7above the sector's middle half▼ 7.0%
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 15% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.2m ▼ 4.3%
Current assets
€591,110 ▲ 51.3%
Equity and liabilities €1.8m
Equity
€22,881 ▲ 430%
Debt
€1.8m ▲ 7.9%
Debt's share of the balance-sheet total falls from 99.7% to 98.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€230,623▼
2024 · €249,978
Cash flow
€121,440▼
2024 · €163,548
Quick ratio
0.41▲
2024 · 0.26
Debt to equity
76.71
ROE
81.1%
Interest coverage
3.17▼
2024 · 3.90
Debt ≤ 1 year
€1.2m▲
2024 · €991,795
Debt > 1 year
€548,986▼
2024 · €635,242
Income taxes
€37,386▲
2024 · €23,869
Staff costs
€1.1m▲
2024 · €1.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 12 | 16 | 17 | 16 | - |
| full-time | 9 | 11 | 14 | 13 | - |
| part-time | 3 | 5 | 3 | 3 | - |
| in full-time equivalents | 10.6 | 13.8 | 15.7 | 14.7 | - |
| Average over the year, in full-time equivalents | 10.5 | 12.3 | 15.9 | 15.8 | 14.7 |
| On a permanent contract | 9 | 14 | 17 | 16 | - |
| Joined | 19 | 22 | 15 | 4 | 12 |
| Left | 18 | 18 | 14 | 5 | 28 |
| Training hours | - | - | 24 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €79,184 | €38,094 | €139,070 | €29,326 | €56,711 |
| Intangible fixed assets | - | €175 | €61,300 | €21,320 | €2,930 |
| Depreciation and write-downs of the year | €56,266 | €49,958 | €70,669 | €99,954 | €102,875 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.6m | €0.9m | €1.0m | €1.1m | ▲ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.05m | €0.06m | €0.06m | €0.05m | €0.07m | €0.1m | €0.1m | ▲ 2.9% |
| Other operating charges640/8 | - | - | - | €0.003m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 32.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.002m | - | - |
| Gross operating margin9900 | €0.5m | €0.4m | €0.4m | €0.5m | €0.7m | €0.9m | €1.3m | €1.4m | ▲ 5.0% |
| Operating profit (loss)9901 | €0.02m | €0.05m | €0.04m | €0.02m | €0.08m | -€0.1m | €0.2m | €0.1m | ▼ 14.8% |
| Financial income75/76B | - | - | - | €96 | €439 | €423 | €0.001m | €0.001m | ▼ 35.6% |
| Recurring financial income75 | €18 | €42 | €31 | €96 | €259 | €423 | €0.001m | €0.001m | ▼ 35.6% |
| Non-recurring financial income76B | - | - | - | - | €180 | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.05m | €0.06m | €0.07m | ▲ 13.6% |
| Recurring financial charges65 | €0.009m | €0.03m | €0.04m | €0.03m | €0.04m | €0.05m | €0.06m | €0.07m | ▲ 13.6% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.03m | €0.006m | -€0.009m | €0.04m | -€0.2m | €0.09m | €0.06m | ▼ 36.0% |
| Income taxes67/77 | €0.001m | - | €0.001m | €0.002m | €0.009m | €0.003m | €0.02m | €0.04m | ▲ 56.6% |
| Profit (loss) for the period9904 | €0.02m | €0.03m | €0.005m | -€0.01m | €0.03m | -€0.2m | €0.06m | €0.02m | ▼ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.03m | €0.005m | -€0.01m | €0.03m | -€0.2m | €0.06m | €0.02m | ▼ 70.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €1.7m | €1.6m | €1.7m | €1.7m | €1.9m | €1.6m | €1.8m | ▲ 9.0% |
| Fixed assets21/28 | €0.5m | €1.2m | €1.1m | €1.2m | €1.2m | €1.3m | €1.2m | €1.2m | ▼ 4.3% |
| Intangible fixed assets21 | €0.008m | €0.003m | €0.06m | €0.05m | €0.04m | €0.09m | €0.09m | €0.07m | ▼ 22.5% |
| Tangible fixed assets22/27 | €0.5m | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | ▼ 2.9% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.0% |
| Plant, machinery and equipment23 | - | - | - | - | €0.03m | €0.03m | €0.02m | €0.01m | ▼ 35.8% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.001m | €0.07m | €0.06m | €0.05m | ▼ 12.4% |
| Leasing and similar rights25 | - | - | - | €0.02m | €0.02m | €0.01m | €0.007m | - | - |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.003m | - | - | - |
| Financial fixed assets28 | €0.005m | €277 | €277 | €277 | €277 | €277 | €277 | €277 | = |
| Current assets29/58 | €0.3m | €0.5m | €0.4m | €0.5m | €0.5m | €0.6m | €0.4m | €0.6m | ▲ 51.3% |
| Stocks and contracts in progress3 | €0.05m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 22.5% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 22.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €0.4m | ▲ 104% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.4m | €0.2m | €0.4m | ▲ 105% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.03m | €438 | €0.004m | €0.005m | ▲ 33.6% |
| Current investments50/53 | - | €0.1m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | - | €0.06m | €0.04m | €0.03m | €0.001m | €0.001m | €0.002m | ▲ 182% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.03m | €0.04m | €0.04m | €0.04m | ▲ 6.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €1.7m | €1.6m | €1.7m | €1.7m | €1.9m | €1.6m | €1.8m | ▲ 9.0% |
| Equity10/15 | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | -€0.06m | €0.004m | €0.02m | ▲ 430% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €293 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.005m | €0.03m | €0.04m | €0.03m | €0.06m | -€0.1m | -€0.05m | -€0.03m | ▲ 38.0% |
| Investment grants15 | - | - | - | €0.04m | €0.04m | €0.01m | €0.01m | €0.01m | = |
| Amounts payable17/49 | €0.7m | €1.5m | €1.5m | €1.6m | €1.5m | €1.9m | €1.6m | €1.8m | ▲ 7.9% |
| Amounts payable after more than one year17 | €0.3m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 13.6% |
| Financial debts170/4 | - | - | - | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 13.6% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.5m | €0.7m | €0.8m | €1.2m | €1.0m | €1.2m | ▲ 19.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.1m | €0.1m | €0.08m | €0.1m | ▲ 48.3% |
| Financial debts43 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 21.8% |
| Credit institutions430/8 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 21.8% |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.6m | €0.4m | €0.3m | ▼ 18.6% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.6m | €0.4m | €0.3m | ▼ 18.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.08m | €0.1m | €0.3m | €0.3m | ▲ 22.4% |
| Taxes450/3 | - | - | - | €0.005m | €0.03m | €0.05m | €0.1m | €0.2m | ▲ 12.6% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.05m | €0.1m | €0.1m | €0.2m | ▲ 31.8% |
| Other amounts payable47/48 | - | - | - | - | - | €0.1m | €0.02m | €0.1m | ▲ 497% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | - | €0.002m | - | €0.03m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,497 | €27,543 | €5,336 | -€11,075 | €32,664 | -€170,152 | €63,594 | €18,565 | ▼ 70.8% |
| + Depreciation and write-downs630 | €53,976 | €54,647 | €63,088 | €56,266 | €49,958 | €70,669 | €99,954 | €102,875 | ▲ 2.9% |
| Operating cash flow (approximation) | €69,473 | €82,189 | €68,424 | €45,192 | €82,622 | -€99,484 | €163,548 | €121,440 | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | -€681,647 | -€59,115 | -€79,184 | -€38,269 | -€200,370 | -€50,646 | -€49,291 | ▲ 2.7% |
| Change in cash | - | - | - | -€16,194 | -€8,808 | -€30,431 | -€345 | €973 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,448 companies had the same profile as APIMMO has now. Two years later, 95.6% were still going and 2.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
95.6%
was still going
2.1%
stopped otherwise
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APIMMO itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,448 companies, not a prediction for APIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00442717 | |
| 31-12-2024 | full format | 10-06-2025 | 2025-00127692 | |
| 31-12-2023 | full format | 26-08-2024 | 2024-00374543 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00421823 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20414068 | |
| 31-12-2020 | full format | 23-06-2021 | 2021-24100467 | |
| 31-12-2019 | full format | 28-08-2020 | 2020-48400204 | |
| 31-12-2018 | full format | 21-08-2019 | 2019-48600234 | |
| 31-12-2017 | full format | 09-08-2018 | 2018-45000054 | |
| 31-12-2016 | full format | 27-07-2017 | 2017-38800019 |
Board & ownership
Directors
Directors
Last change in 2024
Owners and capital
Capital transactions
Capital over time
- 12-01-2024 Converted to unavailable equity · €41,670
Mandate history
2 people, 0 in office
- Board
| Name | Functions and periods |
|---|---|
| Alain PRÉAT |
|
| Gérard PRÉAT |
|
Articles of association
Board and representation
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Indéterminée sauf décision contraire de l'assemblée générale, administrateurs restants ont le droit de coopter un nouvel administrateur”“Moitié au moins des administrateurs présente ou représentée, majorité simple des voix”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Les actions peuvent être cédées entre vifs ou transmises pour cause de mort, sans agrément, à un actionnaire, tout actionnaire qui voudra…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “L'organe d'administration décide souverainement des appels de fonds complémentaires moyennant traitement égal, actions entièrement libérées…”
Audit, dissolution and liquidation
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Rééligibles, 3”
Articles of association, deed of 12-01-2024 (in French)
Network & group
Companies at the same address
8 other companies- SWP TECH Registered office · since 2026 1039223059
- LE COMPAGNON JEAN Establishment · since 2026 1020464447
- 2SC Technologies Belgium Registered office · since 2025 1026527838
- KNOWARE Establishment · since 2024 1006033421
- FPM MANAGEMENT Establishment · since 2023 0803233937
- APKIOSK Registered office · since 2018 0711794809
- Comeo Establishment · since 2014 0465344632
- ELECTRICITE TECHNIQUE SECURITE Establishment · since 2010 0830053645
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-08
abbreviated format · 26 days late
05-06
Gazette deed
Transfer: APIMMO transfers a branch of activity to APKIOSKDeclaration · Approval6 points ▸
Gazette deed
Transfer: APIMMO transfers a branch of activity to APKIOSK
Declaration · Approval6 points ▸
- General meeting, 28-05-2026
- Transfer of a branch of activity or universality, “branch of activity”, 465000 (deed in French), mentioned 2 times in the deed
- Declaration, “no advantage to management members, aucun avantage n'a été, n'est ni ne sera accordé aux membres des organes d'administration des sociétés participantes du chef…” (deed in French)
- Approval, “approval of asset and liability allocation” (deed in French)
- Declaration, “statutory purpose adaptation, la présente opération ne requiert aucune adaptation des textes de l'objet statutaire de la Société” (deed in French)
- Declaration, “real estate and intellectual property, marque communautaire APSCHOOL” (deed in French)
24-03
Gazette deed
Transfer proposal: APIMMО transfers a branch of activity to APKIOSK1 point ▸
Gazette deed
Transfer proposal: APIMMО transfers a branch of activity to APKIOSK
1 point ▸
- Transfer of a branch of activity or universality, “branch of activity, articles 12:103 juncto 12:93 CSA” (deed in French)
22-01
Gazette deed
Company renamed from AP KIOSK to APIMMOPower of attorney5 points ▸
Gazette deed
Company renamed from AP KIOSK to APIMMO
Power of attorney5 points ▸
- General meeting, 23-12-2025
- Other provision, “rapport de l'organe d'administration, prise acte” (deed in French)
- Name change, APIMMO
- Power of attorney
- Power of attorney, JEAN-FRANÇOIS GHIGNY
2025
10-06
full format · 51 days before the deadline
2024
31-12
Financial
Back to profitnet €63,594
The net result is €63,594, after one loss-making year.
26-08
full format · 26 days late
12-01
Gazette deed
Changes of role: Alain PRÉAT (director) and Gérard PRÉAT (director)Legal-form conversion · Amendment of the articles · Capital conversion13 points ▸
Gazette deed
Changes of role: Alain PRÉAT (director) and Gérard PRÉAT (director)
Legal-form conversion · Amendment of the articles · Capital conversion13 points ▸
- General meeting, 18-12-2023
- Legal-form conversion, “Société à Responsabilité Limitée” (deed in French)
- Amendment of the articles, “article 39 de la loi du 23-03-2019” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, Alain PRÉAT (manager)
- Director resignation, Gérard PRÉAT (manager)
- Director appointment, Alain PRÉAT (director (not named in the articles))
- Director appointment, Gérard PRÉAT (director (not named in the articles))
- Board composition, “administrateurs”, 18-12-2023 (deed in French)
- Registered office clause, “Rue Graham Bell 25, 1402 Nivelles (Thines)” (deed in French)
- The act holds 1 more point.
2023
31-12
Financial
Weakest financial yearnet -€170,152
The net result drops to -€170,152, the lowest from 2018 to 2025. It recovers the following year.
31-08
full format · 31 days late
2022
31-12
Financial
Back to profitnet €32,664
The net result is €32,664, after one loss-making year.
31-08
full format · 31 days late
Show earlier events
17-01
Gazette deed
Appointment: Gérard Préat (director)Permanent representative: Gérard Préat3 points ▸
Gazette deed
Appointment: Gérard Préat (director)
Permanent representative: Gérard Préat3 points ▸
- General meeting, 17-06-2021
- Director appointment, Gérard Préat (director)
- Permanent representative, Gérard Préat (co représentant permanent)
2021
23-06
full format · 38 days before the deadline
2020
28-08
full format · 28 days late
2019
31-12
Financial
Equity above €100,000equity €108,478 ▲34%
With a profit in every financial year since 2018, equity grows to €108,478.
21-08
full format · 21 days late
2018
09-08
full format · 9 days late
2017
27-07
full format · 4 days before the deadline
2013
05-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
APIMMO in French
Former name
AP KIOSK until the act of 22-01-2026
Enterprise number
0536.377.237
Legal form
Private limited company
Status
Active, normale toestand
Founded
03-07-2013
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-01-2024 (in French)Registered office and establishments
Registered office
Rue Graham Bell 25, 1402 Nivelles, Belgium
Establishment unit
AP KIOSK, Rue Graham Bell 25, 1402 Nivelles since 04-09-2015 · unit number 2.244.980.866
Activities
NACEBEL 202568201
Renting and operating of own or leased residential real estate, excluding social housing main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 22-01-2026 (in French)
“Activités de gestion et d’administration de sociétés dans le domaine de l’informatique; Toutes autres activités rattachées à l’informatique…”
5 activities
- Activités de gestion et d’administration de sociétés dans le domaine de l’informatique
- Toutes autres activités rattachées à l’informatique
- Toutes opérations immobilières en Belgique et à l’étranger pour compte propre et notamment l’ achat, la vente, la construction la transformation, la rénovation, l’aménagement, la location, la sous-location, l’exploitation directe ou en régie, l’échange, et en général, toutes opérations se rattachant directement ou indirectement à la gestion, à la conservation et à la mise en valeur de toutes propriétés immobilières bâties ou non bâties
- L’exploitation et la gestion de centres d’affaires, incluant notamment la mise à disposition d’ espaces professionnels (bureaux, salles de réunion, espaces de coworking ou assimilés), ainsi que l’ accueil des occupants et des visiteurs
- La fourniture de services connexes ou complémentaires aux activités de centre d’affaires, tels que, sans que cette liste ne soit limitative, services de réception, domiciliation d’entreprises dans le respect de la législation applicable, gestion du courrier, assistance administrative, services logistiques, mise à disposition d’équipements, services informatiques et organisation d’évènements professionnels
Invoicing and payment
VAT number
BE 0536.377.237
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 18:00
deed of 12-01-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
2,293 m²
Building footprint
765 m²
Building volume
5,279 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25099D0044/00D002 | Wallonia | 2,293 m² | 1 · 765 m² | 8.3 m · 2 |